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大都会人寿（MET）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
大都会人寿的季度营收约是UiPath, Inc.的1.5倍（$600.0M vs $411.1M），大都会人寿净利率更高（134.8% vs 48.4%，领先86.5%），UiPath, Inc.同比增速更快（15.9% vs 7.9%），过去两年大都会人寿的营收复合增速更高（2.0% vs 0.7%）
大都会人寿（MetLife）是全球规模领先的保险、年金及员工福利服务提供商之一，创立于1868年，业务覆盖超60个国家和地区，服务约9000万客户，2018年位列《财富》美国500强营收排行榜第43位。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
MET vs PATH — 直观对比
营收规模更大
MET
是对方的1.5倍
$411.1M
营收增速更快
PATH
高出8.0%
7.9%
净利率更高
MET
高出86.5%
48.4%
两年增速更快
MET
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $600.0M | $411.1M |
| 净利润 | $809.0M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | — | 3.2% |
| 净利率 | 134.8% | 48.4% |
| 营收同比 | 7.9% | 15.9% |
| 净利润同比 | -36.3% | 1966.2% |
| 每股收益（稀释后） | $1.18 | $0.37 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收METPATH
| Q4 25 | $600.0M | $411.1M | ||
| Q3 25 | $621.0M | $361.7M | ||
| Q2 25 | $604.0M | $356.6M | ||
| Q1 25 | $611.0M | $423.6M | ||
| Q4 24 | $556.0M | $354.7M | ||
| Q3 24 | $554.0M | $316.3M | ||
| Q2 24 | $558.0M | $335.1M | ||
| Q1 24 | $577.0M | $405.3M |
净利润METPATH
| Q4 25 | $809.0M | $198.8M | ||
| Q3 25 | $896.0M | $1.6M | ||
| Q2 25 | $729.0M | $-22.6M | ||
| Q1 25 | $945.0M | $51.8M | ||
| Q4 24 | $1.3B | $-10.7M | ||
| Q3 24 | $1.3B | $-86.1M | ||
| Q2 24 | $946.0M | $-28.7M | ||
| Q1 24 | $867.0M | $33.9M |
毛利率METPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.0% | ||
| Q2 24 | — | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率METPATH
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | -5.6% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | -12.2% | ||
| Q3 24 | — | -32.7% | ||
| Q2 24 | — | -14.8% | ||
| Q1 24 | — | 3.7% |
净利率METPATH
| Q4 25 | 134.8% | 48.4% | ||
| Q3 25 | 144.3% | 0.4% | ||
| Q2 25 | 120.7% | -6.3% | ||
| Q1 25 | 154.7% | 12.2% | ||
| Q4 24 | 228.6% | -3.0% | ||
| Q3 24 | 242.2% | -27.2% | ||
| Q2 24 | 169.5% | -8.6% | ||
| Q1 24 | 150.3% | 8.4% |
每股收益（稀释后）METPATH
| Q4 25 | $1.18 | $0.37 | ||
| Q3 25 | $1.22 | $0.00 | ||
| Q2 25 | $1.03 | $-0.04 | ||
| Q1 25 | $1.28 | $0.09 | ||
| Q4 24 | $1.75 | $-0.02 | ||
| Q3 24 | $1.81 | $-0.15 | ||
| Q2 24 | $1.28 | $-0.05 | ||
| Q1 24 | $1.10 | $0.07 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $25.6B | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $28.4B | $1.9B |
| 总资产 | $745.2B | $2.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资METPATH
| Q4 25 | $25.6B | $1.4B | ||
| Q3 25 | $26.2B | $1.4B | ||
| Q2 25 | $27.5B | $1.6B | ||
| Q1 25 | $26.9B | $1.6B | ||
| Q4 24 | $25.2B | $1.6B | ||
| Q3 24 | $26.4B | $1.7B | ||
| Q2 24 | $24.6B | $1.9B | ||
| Q1 24 | $24.7B | $1.9B |
股东权益METPATH
| Q4 25 | $28.4B | $1.9B | ||
| Q3 25 | $28.9B | $1.7B | ||
| Q2 25 | $27.7B | $1.7B | ||
| Q1 25 | $27.5B | $1.8B | ||
| Q4 24 | $27.4B | $1.7B | ||
| Q3 24 | $30.9B | $1.8B | ||
| Q2 24 | $27.3B | $2.0B | ||
| Q1 24 | $28.5B | $2.0B |
总资产METPATH
| Q4 25 | $745.2B | $2.9B | ||
| Q3 25 | $719.7B | $2.6B | ||
| Q2 25 | $702.5B | $2.6B | ||
| Q1 25 | $688.3B | $2.9B | ||
| Q4 24 | $677.5B | $2.7B | ||
| Q3 24 | $705.0B | $2.7B | ||
| Q2 24 | $675.7B | $2.8B | ||
| Q1 24 | $677.6B | $3.0B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $7.1B | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $25.1M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 8.75× | 0.14× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流METPATH
| Q4 25 | $7.1B | $28.3M | ||
| Q3 25 | $3.6B | $41.6M | ||
| Q2 25 | $2.2B | $119.0M | ||
| Q1 25 | $4.3B | $146.1M | ||
| Q4 24 | $4.6B | $28.1M | ||
| Q3 24 | $4.2B | $46.4M | ||
| Q2 24 | $3.5B | $100.0M | ||
| Q1 24 | $2.3B | $145.6M |
自由现金流METPATH
| Q4 25 | — | $25.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $106.2M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $98.8M | ||
| Q1 24 | — | $141.8M |
自由现金流率METPATH
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 29.5% | ||
| Q1 24 | — | 35.0% |
资本支出强度METPATH
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
现金转化率METPATH
| Q4 25 | 8.75× | 0.14× | ||
| Q3 25 | 3.98× | 26.25× | ||
| Q2 25 | 3.00× | — | ||
| Q1 25 | 4.51× | 2.82× | ||
| Q4 24 | 3.63× | — | ||
| Q3 24 | 3.11× | — | ||
| Q2 24 | 3.69× | — | ||
| Q1 24 | 2.69× | 4.29× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MET
| Other | $165.0M | 28% |
| Prepaidlegalplansandadministrativeonlycontracts | $158.0M | 26% |
| Vision Fee For Service Arrangements | $140.0M | 23% |
| Administrative Service | $76.0M | 13% |
| Distribution Service | $36.0M | 6% |
| Feebasedinvestmentmanagementservices | $25.0M | 4% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
